Back to Articles
Matters of Urgency: Economy - Senate Hansard

Parliament of Australia

ENRICHED

Details

Date Published
20 Nov 2024
Priority Score
1
Australian
Yes
Created
16 Sept 2026, 02:49 am

Authors (1)

Description

Search engine for Australian parliamentary documents and media.

Summary

This parliamentary transcript captures a debate on Australia's economic outlook, where Senator Nick McKim highlights the disruptive potential of artificial intelligence on future career opportunities for young Australians. While the speech focuses primarily on broader socio-economic grievances such as housing and climate change, it identifies AI as a significant threat to labor market stability and social mobility. The discourse reflects an emerging political narrative in Australia regarding the economic risks posed by rapid AI integration without sufficient social safety nets.

Body

Senator McKIM (Tasmania—Australian Greens Whip) (17:22): The neoliberal project so beloved of Labor and coalition governments over many decades has broken Australia's social contract. People used to be told that if they worked hard, if they got a good education, they could afford the basics that we all need to lead a good and dignified life. But we can't say that to young people anymore. Just ask any young person how things are going for them right now. Youth allowance is below the poverty line. Young people are working two or three jobs just to get through uni. They're paying tens of thousands of dollars for a degree their parents and just about everyone in government got for free, while they watch artificial intelligence smash their future career opportunities. If they do get a job, their wages are buying less and less and less over time. Meanwhile, it's almost impossible to buy a house unless you've got super wealthy parents, which leaves most young people living in rentals where the landlord can hike the rents just as often as they can get away with. And you've got climate change and international geopolitical instability looming large over all of that. Labor has been in power for four years and things are getting worse, not better, for young Australians. Bill Kelty is absolutely right that the Treasurer's economic spin is insulting, and it's particularly insulting for young people. Honestly, Labor sometimes forget they're even in government. They need to make a choice—a choice to do something, a choice to make young people's lives better rather than just produce spin while young people watch their future turn to dust. Here are just five things that Labor could do today, right now, to improve the lives of young people here in Australia—make TAFE and uni genuinely free, freeze rents, put dental and mental health into Medicare, stop approving new coal and gas mines and stop supporting the genocide in Palestine. You can pay for what you need to pay for out of that list by making big corporations and the superwealthy one per cent pay their fair share of tax. Unlike Labor, the Greens will always be here for young Australians.